The wildfires that swept through parts of Los Angeles County in...
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Rising AI-driven cyber attacks and geopolitical tensions hit India Inc, says Aon
Prasanna Kumar, head of cyber solutions for India at Aon, said, “We...
India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and...
Asia-Pacific accounts for $ 22bn CAT losses in H122, Insured losses at $ 8bn:Munich Re
Floods, earthquakes and storms caused overall global losses of some US$ 65bn compared with US$ 105bn in the loss-heavy previous year. At around US$ 34bn, insured losses were roughly in line with previous years Globally, some 4,300 people lost their lives in natural...
Quarter of firms reach Lloyd’s of London 35% target for women leaders
"Representation of women and ethnic minorities (is) improving across our market – but we can't be complacent," Lloyd's of London CEO John Neal said. A quarter of firms operating at Lloyd's of London have reached the commercial insurance market's target for 35% of...
London as financial hub struggles to find its way in Brexit Britain
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...
Luton Airport runway meltdown shows airports vulnerable to climate change
Airports Council International (ACI), a group representing airports globally, said it will soon publish an airfield maintenance handbook for members with a section dedicated to pavement management “This includes lists of probable cause of pavement distresses, and some...
China says medical insurance fund in the black, responding to concerns
Healthcare affordability is a sensitive issue in China. Costs are often high, with hospitals setting elevated prices for some drugs, and medical supplies and doctors known to over-prescribe. The government has started to reform price mechanisms for some medical and...
Ship insurers sail into unknown with Ukraine grain risks after deal reached
"There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed," Neil Roberts, head of marine and aviation with the Lloyd's Market Association, told Reuters. A number of...
26.66 million people affected by floods in 2020; 1,365 lives lost: Union minister Shekhawat
Responding to a question in Lok Sabha, Jal Shakti Minister Gajendra Singh Shekhawat said Rs 21,190 crore of total damage of crops, houses and public utilities has been recorded in 2020 New Delhi: As many as 26.66 million people were affected by floods in the country...
Travelers reporting stranded luggage this summer jumped 30%: Mapfre
More bags are going missing as short-staffed airports and airlines struggle to keep up with luggage handling alongside surging travel demand.Most stranded luggage ends up resurfacing, thus not triggering reimbursement, the insurer said The number of travelers...
Ship insurers seek more assurances on Ukraine grain corridor
Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea Insurance for the ships would be possible “if a sensible solution were offered,” said Rory Colacicchi,...